Trump’s Student Loan Forgiveness Shockwave: 2M Borrowers Freed, Stocks on Edge
The Trump administration on Oct. 30, 2025, finalized a rule narrowing Public Service Loan Forgiveness, excluding employers involved in illegal activities. A separate court settlement requires the Education Dept. to cancel debts for 2–2.5 million long-term income-driven repayment borrowers, with forgiven debt in 2025 tax-exempt. Education stocks have fallen, while fintech lenders like SoFi have surged.